Raleigh, N.C., Jun21, 2022Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens award-winning suite of e-application, illustration and digital solutions to provide their agents next generation customer acquisition and service capabilities. Is the EquiTrust Life Insurance Company highly rated? There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. of the law. All content is for educational purposes only. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Surrender Charge. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Find contact information for insurance departments and local insurance agents, or file a complaint. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Two multi-asset, risk-controlled index options provide an extra level of diversification. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. platform based on information gathered from users through our online questionnaire. 24 reviews. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Website at Agents.EquiTrust.com. All insurance rates, products, and services are presented without warranty and guarantee. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . And the bonus isn't just in the name. registered with the U.S. Securities and Exchange Commission as an investment adviser. Website at Agents.EquiTrust.com. Violators can and will be prosecuted to the full extent Strong financial stability. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. The company also offers roadside assistance and ridesharing coverage options. EquiTrust offers just one phoneline for all customer inquiries. Comparison shopping should be easy. . property-casualty insurance companies for a management fee. In addition, premiums paid into the policy at approval see a 12% bonus immediately. While the EquiTrust Life Insurance Company ratings prove that this company offers reliable products and great customer service, many people cant afford to pay $10,000 at the drop of a hat. EquiTrust Life Insurance has 125 employees. Our opinions are our own. Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. Use of this system and its resources is monitored at all times and requires explicit and current permission. Applicant ages generally range between 60-80. Must pass suitability requirements. 2020 Annual Report to Stockholders. No official claims response timeframe promise. PA 2700-FM-AQ0021 2007 . Adviser or provide advice regarding specific investments. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. These policies are single-premium, and you must pay at least $10,000 to activate your policy. As always, conduct your own research on a variety of carriers before signing any paperwork. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. In this material, the terms advisor and financial advisor are used as general references to licensed insurance professionals and are not intended to indicate whether the licensed insurance professional is a Registered Investment Advisor or is otherwise authorized under the law to provide financial advice. EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. You will also need to make a payment of at least $10,000. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. The phoneline contact option is offered at restricted hours, Monday-Friday. It also serves several other regulatory information needs, such as mandated: experience analysis for particular lines or sublines for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Agent Pay Is Built Into the Policy. We're here to help. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. EquiTrust Life will provide a 12 percent bonus paid over three years. Our three-year blueprint for the future shows the way toward building on existing strengths. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. This information is designed to help you with your decision-making, and it is not intended to provide advice. Professional development for state insurance regulators and industry professionals. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Allstate Corporation has reached its limit for free report views. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. I was hired just before the annual reporting with little to no training or guidance from management. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. Surrender charges may vary by state. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. EquiTrust has just one phoneline for customer service and all other inquiries. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. More. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Product not available in all states or may vary by state. Personalized Illustrations. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Click the links below for: Agent Guide. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. EquiTrust Life Insurance Company has been around since 1996. Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE. For this reason, theyre not suitable to meet everyones insurance needs. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. Their coverage offerings include: If youre on the market for life insurance or annuities, EquiTrust Life Insurance Company may have just the type of product youre looking for. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Links for Internet Filing are provided to the right. The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. Active CPA and . The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. Documents exposed by various committee workgroups. 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